Did anyone else catch the Treasury move late Friday? FinCEN ordered MEXC cut off from the US financial system, alleging at least $16B in transactions tied to sanctions evasion and cybercrime from 2021 to 2026 — including about $1.5B linked to Russian sanctions evasion. US banks will be barred from processing MEXC transfers once the order takes effect 30 days after it is published, and the exchange still holds roughly $4.5B in assets. $BTC is barely reacting so far, flat near $75,814 while $ETH sits around $2,237, which tells me the market is treating this as MEXC's problem for now. Two ways it goes: traders rotate to bigger venues and it fades, or fear spreads to other offshore exchanges and $75,000 gets tested again. Would you pull funds off a smaller exchange after a move like this, or wait out the 30 days?
#TreasuryCutsOffMEXC #CryptoRegulation #CryptoContent
#TreasuryCutsOffMEXC #CryptoRegulation #CryptoContent